Gold and Dollar Position
The gold and dollar reserves fell by 279 million dollars during the month and stood at 1,965 million dollars on 30th November.
§ Defence aid estimated at 4 million dollars was received from the U.S.A. during the month; 28 million dollars were paid in gold or dollars to the European Payments Union in respect of October, and 3 million dollars were paid to the creditors of the Union in bilateral settlements.
Provisional E.P.U. Result
On the provisional figures for the month, the United Kingdom had a deficit of £24 million with the European Payments Union, which will fall to be settled in December, as to 75 per cent in gold or dollars and as to 25 per cent. by increase of debt to the Union.